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$WFC's net loan charge-offs as a percentage of average loans of 0.39% reflected commercial losses of 0.29% and consumer losses of 0.49%. Credit losses rose to $924MM in 2Q16 from $886MM in 1Q16, on $59MM higher oil and gas portfolio losses. Consumer losses fell $82MM, on a decline in consumer real estate losses and fall in automobile losses.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.